An expanded Scheme for greater impact
In 2025, Reclaim Fund Ltd opened the Dormant Assets Scheme to Investment and Wealth Management firms.
At its launch, we proudly announced that four industry frontrunners joined as our first participants: Jupiter, Schroders, J.P. Morgan, and Janus Henderson.
Investment and Wealth Managers firms now have the opportunity to turn dormant assets into a force for good and position themselves as fellow industry leaders, without compromising client rights.
Transfer liability while delivering meaningful impact
For investment and wealth management firms, dormant assets can present a challenge, and often there is limited prospect of client re-engagement.
By joining the Scheme, firms can transfer the liability of funds to Reclaim Fund Ltd, creating cleaner and more efficient balance sheets – without compromising the trust given to you by clients, who can reclaim their money at any time.
The scale of social impact achievable through participation is unlike anything an individual firm could maintain alone. Joining the Scheme is a unique opportunity for the industry to come together and make a tangible difference to some of society’s most pressing issues.
Hear from our industry frontrunners on their participation in the Scheme.
Eligible assets
Dormant cash investments in scope of the Dormant Assets Scheme are:
- Redemption proceeds
- Distributions
- Orphan Monies
- Client Money
Unclaimed cash investments are defined as dormant after the owner has ‘gone-away’ for 6 years.
Dormant invested assets in scope are:
- Shares in Open-Ended Investment Companies
- Shares in Authorised Contractual Schemes
- Units in Authorised Unit Trusts
Unclaimed invested assets are defined as dormant after the owner has ‘gone-away’ for 12 years.
Reunification is always the priority, and the Scheme allows firms to keep their vital customer relationships and guarantee their right to reclaim. For dormant invested assets, Reclaim Fund Ltd guarantees the market value of the underlying investment.
Turning dormant money into lasting impact
Funds unlocked through the Investment and Wealth Management sector have played a vital role in tackling some of the UK’s most pressing social challenges.
Through the Dormant Assets Scheme, RFL has been able to release over £1 billion good causes such as:
- Supporting young people in expanding their enrichment and employment opportunities
- Improving financial inclusion and resilience
- Backing social enterprises and charities to grow sustainably
By pooling together many small dormant balances, the Scheme generates funding large enough to support system-wide change – delivering impact that is tangible and long-lasting.
In making the Scheme part of their ESG credentials, firms are also able to show their customers, staff, and shareholders that they are making a genuine contribution to society.
Industry-led guidance
In 2025, the Investment Association published a participation guide to help firms understand how the Scheme operates and prepare them for their participation.
Working in partnership with participants
The success of the Scheme is underpinned by strong, collaborative relationships between participating firms and RFL. From large multinationals to small community-based banks, RFL work closely with firms to support a smooth journey to participation, tailored to each organisation’s systems and processes.
These relationships continue well beyond the initial onboarding. RFL maintain ongoing, trusted partnerships with our participants, supporting regular transfers and reclaims over time.
Patrick Thomson, EMEA CEO at JP Morgan Asset Management
At J.P. Morgan, we are pleased to support the expansion of the UK Dormant Assets Scheme into the Investments and Wealth Management sector. This unique initiative represents an important step in ensuring that dormant assets can be put to work for the benefit of the broader society, while maintaining the highest standards of client protection.
“By collaborating with industry partners and the Scheme’s operator [Reclaim Fund Ltd], we are helping to unlock new resources for financial inclusion, education, and community initiatives across the UK, complementing J.P. Morgan’s long-standing partnerships and investments to support economic growth, social mobility and financial security. We remain committed to responsible stewardship and to making a positive, lasting contribution to the communities we serve
Further reading
Banks and Building Societies
The Banks and Building Societies sector is where the Dormant Assets Scheme began, and
The Alternative Scheme
The Alternative Scheme enables the participation of smaller Banks and Building Societ
Insurance and Pensions
In 2023, Reclaim Fund Ltd opened the Dormant Assets Scheme to include long-term Insur